Central Bank of Egypt (CBE)
Sisi suggests expatriates donate US dollars to offset falling reserve: adviser
Egypt
December 9, 2015
Sisi suggests expatriates donate US dollars to offset falling reserve: adviser
President Abdel Fattah al-Sisi has suggested that Egyptian expatriates make a financial contribution to help their country cope with eroding foreign…
Egypt’s fight against currency black market a double-edged weapon
Business
September 29, 2015
Egypt’s fight against currency black market a double-edged weapon
Egypt’s efforts to combat illegal currency exchanges, besides succeeding largely in curtailing the shadowy dollar trade, has negatively impacted businesses…
Former EGX chief: CBE policies could yield negative results
Business
July 15, 2015
Former EGX chief: CBE policies could yield negative results
A former head of Egypt’s stock market has warned that measures by the Central Bank of Egypt to control the…
Banks move toward legislation changes designed to boost investment
Business
March 13, 2015
Banks move toward legislation changes designed to boost investment
Banks in Egypt are in the process of formulating their views regarding the amendments needed for the Law 88\2003, senior…
Steel factories may halt operations over dollar shortage
Business
February 19, 2015
Steel factories may halt operations over dollar shortage
Several steel manufacturers have revealed that they might stop their productions within the next few days, citing bank’s inability to…
Central bank: Egypt’s core inflation falls to 7.06 pct in January
Business
February 10, 2015
Central bank: Egypt’s core inflation falls to 7.06 pct in January
Egypt's annual urban consumer inflation and core inflation both slowed in January, a boost for government efforts to balance economic…
Egypt sells LE5.5 bn in treasury bills
Business
February 10, 2015
Egypt sells LE5.5 bn in treasury bills
Egypt's central bank (CBE) sold LE5.5 billion in domestic treasury bills on Tuesday, the Ministry of Finance said. CBE sold 18…
Egypt’s foreign reserves rises $100 million at end-Jan
Egypt
February 5, 2015
Egypt’s foreign reserves rises $100 million at end-Jan
Egypt's foreign currency reserves rose US$100 million to $15.43 billion at the end of January from $15.33 billion the previous…
Expert criticizes CBE decision to increase dollar exchange rate
Business
January 20, 2015
Expert criticizes CBE decision to increase dollar exchange rate
Ahmed Shiha, vice president of the Division of Importers, criticized the Central Bank of Egypt's decision to increase the dollar…
Source: IMF urges central bank to unify currency exchange rates
Business
December 28, 2014
Source: IMF urges central bank to unify currency exchange rates
The International Monetary Fund has urged the Central Bank of Egypt to unify currency exchange rates at banks and exchange…